For the vast majority of loans, it is the government that is making the loans. Relatively few loans are made by private lenders. Specifically, 92% of student loans are government loans.

You don’t understand how loans work no matter who makes them.

Sigh... The government does control the loans. Student loan debt skyrocketed after the government took over and started pissing away money to every retarded 18 year old. If it were just banks, she'd never have gotten the loan to begin with because she clearly can't afford it and even if she somehow magically did get such a stupid loan, she could at least declare bankruptcy. When loans default, and banks refuse to give them out anymore, tuition will drop due to supply and demand. As long as the government is involved, it'll be a mess.

You have it backwards. The government getting involved and guaranteeing student loans is what drove higher education costs through the stratosphere to begin with. Anytime government gets involved, cost goes up. The Federal Government shouldn't be anywhere near education.

Mortgages, car loans, construction financing, none of them match up to what you are proposing. I'd want at least 8.5% return on my investments.

If you can’t read and understand loans, don’t take one. I learned this in high school but I was homeschooled. So was taught to think, not trust a bank or the government.

The messiah federalized student loans. Another legacy move

Brilliant idea! The government has done such a wonderful job everywhere else. 🤣

The interest rate isn’t the problem. Not paying enough to pay down the principle is the problem.

The only way to make minimum loan payments 50/50 interest/principle, is to make minimum payments larger.

You need to look up "amortization table" to understand how EVERY loan works.

The government being involved is the issue. Loans should not be given to people who will not be able to pay them off

Hahahahahahahahaha. Is the government the one that set the interest rates on student loans.

Or just dont borrow money you can't pay back. They should bring back debt prisons.

If the government wouldnt pay so much into the system demand would go down and education costs would decrease. The willingness of the government to pay has caused an increase in non essential costs like fancy dorm rooms that jack up the costs. For colleges its like free money.

...are you retarded?

The government getting into the student loan business is why education costs so fucking much! Look at all these dumbasses paying them $100k and signing their life away.

Bingo. I like that. The government wastes millions of dollars why not help our youth. This is how it should work and shut down these criminal activities.

That works if you set the payback period on like 3 years

Technology to make out good loans. You're an idiot

Banks aren’t involved. That’s the problem. What happened was liberal Dems started throwing money at 18-year-olds, knowing that in 10 years, they’d be up to their eyeballs in debt and their votes could be had by promising to make other people pay off their loans.

You might want to look at an amortization schedule before you spout off your ignorance.

Another retard who has no idea how government, or economics, or even math actually works - yet he thinks he's an expert in how the world should work.